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Cable Update (GBPUSD)

  • #226,181
  • May 12, 2010 7:22pm May 12, 2010 7:22pm
I'm calling for .90 within a year.
  • #226,182
  • May 12, 2010 7:25pm May 12, 2010 7:25pm
Quoting Clouds
I'm calling for .90 within a year.
  • #226,183
  • May 12, 2010 7:42pm May 12, 2010 7:42pm
found something interesting

Inserted Video
  • #226,184
  • May 12, 2010 8:20pm May 12, 2010 8:20pm
todays 4 hour chart is critical for cable

anything below 4824, and cable is dead
  • #226,185
  • May 12, 2010 8:59pm May 12, 2010 8:59pm
I'm flat. With a short from last night, SL 4890

I get a feeling it may want to bounce.

Attached Image
  • #226,186
  • Edited 10:32pm May 12, 2010 9:18pm | Edited 10:32pm
Quoting Clouds
I'm flat. With a short from last night, SL 4890

I get a feeling it may want to bounce.

Attachment
me

http://img99.imageshack.us/img99/2059/lionpp.jpg
  • #226,187
  • May 12, 2010 9:24pm May 12, 2010 9:24pm
Quoting Clouds
I'm flat. With a short from last night, SL 4890

I get a feeling it may want to bounce.

Attachment
Closed.
  • #226,188
  • May 12, 2010 9:29pm May 12, 2010 9:29pm
despite this chart

somehow i do not like the PA today

http://img522.imageshack.us/img522/5200/cablei.gif
  • #226,189
  • Edited 9:43pm May 12, 2010 9:33pm | Edited 9:43pm
long term targets posted are not worthless, if you know what you're looking at.

January 2009 when price was @1.51, I called for cable to tank towards 1.36. It did. Older seniors like eohater, Infinity, sofia101, Navin2007 can & will testify to that.

June 2009 I called for Cable to tank back to the 1.53 level. It did. Many people who follow this thread can & will testify to that.

Late October, I called for a massive Dollar turn when it was hovering ard 75 level. It did. This call was posted in my thread.

October DX chart:
1. http://www.forexfactory.com/showpost...postcount=3633

Recent DX chart:
1. http://www.forexfactory.com/showpost...postcount=6576

2 reasons why I bring this up.

The first is to quash these "after the fact" talk. I don't do that.

Second is that the reason the long term targets are being posted as the mean to share as to what I see being printed on the charts so that in the event price does shift in a big way some of us could anticipate the move and react.
In regards to the 1.7 target, it wasn't called out of thin air and out of no reason. Chart was posted here on May 4th when price was ard 52xx:
1. http://www.forexfactory.com/showthre...24#post3694324

Cable did not rise but instead fell close to 700 pips a few days after. Did I let the long term outlook effect my trading judgement? Absolutely not.
Saw that pa shifted towards short side, closed my long trade & place a sell order on May the 5th.

Trade detail:
1. http://www.forexfactory.com/showpost...postcount=6516

Even threw in a chart to illustrate the trade taken:
1. http://www.forexfactory.com/showpost...stcount=224087

Now, having traded the massive cable short has that changed my long term bullish view for cable? No. Why? Because the monthly gbplfx which I had posted earlier is still pointing up.
Does this mean I only trade the higher timeframes & "gamble" on uncertainty? lol Higher timeframes trading is extremely profitable if you know how. If you don't & you're not willing to learn then that's your loss. But does this means there's no place to be profitable with low timeframe trading? Absolutely not. I trade the m1 & m5 with great effect.
m1 trade examples:
1. http://www.forexfactory.com/showpost...postcount=6661
2. http://www.forexfactory.com/showpost...postcount=6590

m5 trade example:
1. http://www.forexfactory.com/showpost...postcount=6706
2. http://www.forexfactory.com/showpost...postcount=6707
3. http://www.forexfactory.com/showpost...postcount=6708
4. http://www.forexfactory.com/showpost...postcount=6709

There's no "after the fact". Some of us here can actually trade because we're flexible. You might think some of these long term calls are outlandish, ever thought that maybe you just don't know that much & the person who called it know just a little more than you?
Shame really, instead of asking for reasons & discuss, the lot of you thought it'll be cool to take the piss.

Bye fellas & good luck.
Thank You
  • #226,190
  • Edited 10:06pm May 12, 2010 9:45pm | Edited 10:06pm
Hey all, I am totally FLAT Cable and Fibre. (Until at least after LDN open) Or otherwise Neutral. With a bias for potential south.

Fundamentally, there is too much uncertainty with these two areas.

The UK - has had it's first hung parliament in 30 years, which has led to the first coalition government (an agreement between both parties)
since WWII. This is like the Republicans sharing the White House with the Democrats in comparison to US politics.

Basically, this gives the UK public, which I was reading before, is already PISSED at various walks of politics due to a lawmakers' expense scandal, amongst other things.

Almost like a chance to hate (or like...) both "parties" at the same time. Talk about uncertainty. As much as the possibility of a hung parliament may have priced in, this is still going to be quite an adjustment for the people of the UK... Who knows, maybe it will be positive.

-At this point retest .4500 will not surprise me nor will retest .5150 - However, this is only appx 300 pip move from where we are now. Cable can do either in a flash. Positive news releases though today..

Fibre- We all know what's going on in EU. If fibre breaks .2600 again, I am looking for a further bloodbath.

Nevertheless the money is not going to these pairs yet.

Looking at Cable range - and playing Gold which has made another record high
today @ 1249.60 per Oz / USD - Gold has been creating new highs in EUR & GBP for a few days now as well.

In any case, below is the range I'm looking to break in one direction or another. Definitely some plays here, but anything less than the average daily move and we should stay inside. Otherwise we need to BREAK OUT! either way it is.

EDIT: top/bottom S/R areas in yellow, points to break dotted yellow. Won't be surprised at a smack down when and if she reaches the 200 EMA

X-
Attached Image (click to enlarge)
Click to Enlarge Name: cable_range_h4_05_12_10.GIF Size: 24 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #226,191
  • May 12, 2010 9:52pm May 12, 2010 9:52pm
Missing an S/R @ 4750
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #226,192
  • May 12, 2010 9:53pm May 12, 2010 9:53pm
Quoting wormboy
Shame really, instead of asking for reasons & discuss, the lot of you thought it'll be cool to take the piss.
The 2000+ trade talks are total, 100% unadulterated horse pucky.

No more, no less.

You are blowing smoke up your own ass, as all of this is completely meaningless. Yes, I saw you taking longs in the short cycle, which on the long term, we still haven't left. Yes, price dropped 700 pips from those longs, and yes, I was glad to see that you had switched sides prior to the mass exodus.

Posted in the wormhole, these are your thoughts and that is your soapbox, posted here, it creates long term losers.

When a lot of folk fail to see which direction the next 10 pip never mind the next 100 pips is, a 2000 pip talk is a complete waste. It is like these calls are to be able to post some huge, "I told you so".

In all honesty, you have no idea if we have seen bottom, or if we will attack bottom again. Right? Basic candlestick pattern...new low, no new high on the monthly. Month isn't over, but we surely have posted a new low.

So a 2000+ trade call from here is much the same as DT turning his account into the likes of the wasted Titanic, possibly sinking it with a lot of passengers to the grand depths.

Total waste of time.

And lets not just forget that what took 3 weeks to buy up, took 3 days to sell down.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #226,193
  • May 12, 2010 10:02pm May 12, 2010 10:02pm
Quoting Clouds
Closed.
Re-opened G/U shorts. USD/Cad found some likely support.
  • #226,194
  • May 12, 2010 10:15pm May 12, 2010 10:15pm
Quoting forexlion
In November 2007 I had posted about the bubble bursting scenario and sold cable @ 2.5100

nothing new

people do post they said this or that after the events

like, i will post now that cable will go to 3500 one day !!!

remember this , i am calling for 3500 !! and when it happens, i will say look i posted this in may 2010 !!!

i will follow too, i say GU will go to 1.2500, remember, you just call for 1.35 :so if 'one day' (don't know when, 2 or 5 years again maybe ) she go to 1.2 level i'll be the person who call that. this is may 13 2010.



btw lion, why you change your website? the flash one is more beautiful i think.
I will be the number one Manager.
  • #226,195
  • May 12, 2010 10:17pm May 12, 2010 10:17pm
Quoting wormboy
long term targets posted are not worthless, if you know what you're looking at.

January 2009 when price was @1.51, I called for cable to tank towards 1.36. It did. Older seniors like eohater, Infinity, sofia101, Navin2007 can & will testify to that.

June 2009 I called for Cable to tank back to the 1.53 level. It did. Many people who follow this thread can & will testify to that.

Late October, I called for a massive Dollar turn when it was hovering ard 75 level. It did. This call was posted in my thread.

October DX chart:
1. http://www.forexfactory.com/showpost...postcount=3633

Recent...
ego post

even if you are right, never boast
  • #226,196
  • May 12, 2010 10:18pm May 12, 2010 10:18pm
Quoting Magix
The 2000+ trade talks are total, 100% unadulterated horse pucky.

No more, no less.

You are blowing smoke up your own ass, as all of this is completely meaningless. Yes, I saw you taking longs in the short cycle, which on the long term, we still haven't left. Yes, price dropped 700 pips from those longs, and yes, I was glad to see that you had switched sides prior to the mass exodus.

Posted in the wormhole, these are your thoughts and that is your soapbox, posted here, it creates long term losers.

When a lot of folk fail to see which direction...

http://cdn.forexfactory.com/images/icons/icon14.gif
  • #226,197
  • May 12, 2010 10:19pm May 12, 2010 10:19pm
Chart updated for clarity of view and missing areas
Attached Image (click to enlarge)
Click to Enlarge Name: cable_range_h1_05_12_10_update1.GIF Size: 29 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #226,198
  • May 12, 2010 10:19pm May 12, 2010 10:19pm
Quoting javapips
i will follow too, i say GU will go to 1.2500, remember, you just call for 1.35 :so if 'one day' (don't know when, 2 or 5 years again maybe ) she go to 1.2 level i'll be the person who call that. this is may 13 2010.



btw lion, why you change your website? the flash one is more beautiful i think.
the flash allowed only 5 pages and was tough to work with

joomla is better, despite the fact that i need just 5 or 6 pages
  • #226,199
  • May 12, 2010 10:21pm May 12, 2010 10:21pm
Quoting javapips
i will follow too, i say GU will go to 1.2500, remember, you just call for 1.35 :so if 'one day' (don't know when, 2 or 5 years again maybe ) she go to 1.2 level i'll be the person who call that. this is may 13 2010.



btw lion, why you change your website? the flash one is more beautiful i think.
I'm going to make a call... I say GU will go to 1.25.

My next post will say GU goes to 1.60.

(when one is right, delete the wrong one)
  • #226,200
  • May 12, 2010 10:23pm May 12, 2010 10:23pm
unless 4810 breaks, i am more inclined to take a long position here

http://img138.imageshack.us/img138/1043/cable.gif
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